ECOWAS: Injection-Moulding Machine Market 2025

Injection-Moulding Machine Market Size in ECOWAS

After two years of decline, the ECOWAS injection-moulding machine market increased by 13% to $X in 2022. Over the period under review, consumption saw a prominent expansion. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in years to come.

Injection-Moulding Machine Production in ECOWAS

In value terms, injection-moulding machine production amounted to $X in 2022 estimated in export price. Overall, production recorded a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 169%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Injection-Moulding Machine Exports

Exports in ECOWAS

In 2022, shipments abroad of injection-moulding machines for working rubber or plastics was finally on the rise to reach X units after two years of decline. Overall, exports, however, continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2015 with an increase of 69% against the previous year. The volume of export peaked at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, injection-moulding machine exports totaled $X in 2022. Over the period under review, exports recorded a perceptible increase. The growth pace was the most rapid in 2019 when exports increased by 190%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Nigeria (X units), distantly followed by Ghana (X units), Senegal (X units), Cote d'Ivoire (X units) and Togo (X units) represented the key exporters of injection-moulding machines for working rubber or plastics, together committing 100% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Senegal (with a CAGR of 0.0%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Senegal ($X) remains the largest injection-moulding machine supplier in ECOWAS, comprising 50% of total exports. The second position in the ranking was taken by Ghana ($X), with a 22% share of total exports. It was followed by Togo, with a 15% share.

In Senegal, injection-moulding machine exports expanded at an average annual rate of +7.3% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Ghana (+61.6% per year) and Togo (+2.3% per year).

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per unit, dropping by -2.7% against the previous year. Over the period under review, the export price, however, posted a prominent increase. The growth pace was the most rapid in 2019 when the export price increased by 90% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2021, and then fell in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Togo ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (+68.3%), while the other leaders experienced more modest paces of growth.

Injection-Moulding Machine Imports

Imports in ECOWAS

In 2022, supplies from abroad of injection-moulding machines for working rubber or plastics was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, imports showed a strong increase. The pace of growth was the most pronounced in 2018 when imports increased by 102% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, injection-moulding machine imports shrank slightly to $X in 2022. Over the period under review, imports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2018 when imports increased by 115%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Nigeria prevails in imports structure, accounting for X units, which was approx. 81% of total imports in 2022. Ghana (X units) ranks second in terms of the total imports with a 9.7% share, followed by Cote d'Ivoire (5.4%).

Nigeria was also the fastest-growing in terms of the injection-moulding machines for working rubber or plastics imports, with a CAGR of +16.2% from 2012 to 2022. At the same time, Ghana (+7.5%) and Cote d'Ivoire (+6.4%) displayed positive paces of growth. While the share of Nigeria (+19 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Cote d'Ivoire (-4.5 p.p.) and Ghana (-6.4 p.p.) displayed negative dynamics.

In value terms, Nigeria ($X) constitutes the largest market for imported injection-moulding machines for working rubber or plastics in ECOWAS, comprising 82% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a 7.2% share of total imports.

In Nigeria, injection-moulding machine imports increased at an average annual rate of +9.9% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Cote d'Ivoire (+3.7% per year) and Ghana (-0.2% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per unit, which is down by -40.6% against the previous year. Over the period under review, the import price showed a perceptible reduction. The most prominent rate of growth was recorded in 2021 when the import price increased by 15% against the previous year. The level of import peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per unit), while Ghana ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (-2.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform